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Retirement tax questions
Yes, I agree- it is very confusing. I have a 401(k) account which the money was suppose to be converted to roth dollars AND rolled over into a roth ira account on the same go. Somehow, due to missing paperwork, only the roth dollar conversion occurred but the money stayed in the 401(k) account- hence roth dollars existing in my 401(k) account. I do have a 1099-R form which lists the whole amount of my 401(k) account (the roth dollars) as a taxable amount for the 2019 tax year. The distrubution code is G- even though the roth dollars still exist in my 401(k) account and have never rolled over to a roth ira account.
‎April 3, 2020
2:59 PM